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The Commissione Nazionale per le Società e la Borsa (Consob) has announced the first application of the Markets in Crypto-Assets Regulation (MiCAR), blocking ten websites that falsely advertised crypto services. This announcement was made in a press release on February 13, 2025.
On February 12, 2025, Consob, the Italian financial regulatory authority, took action under the new MiCAR regulation by blocking two unauthorized crypto-asset operators: ‘Dobibo’ and ‘Fameexn’. The websites associated with these operators were dobibo.com, dobibo1.com, dobibo2.com, fameexn.top, and fameexn.com. These actions represent Consob’s first use of the MiCAR regulation to address unauthorized crypto-asset operators. According to a press release by Consob, the blocked sites were offering services without proper authorization, violating financial regulations.
Additionally, Consob has continued to take action against financial abuse involving the improper use of prominent names. It blacked out the website ‘Fininvestonline.com’, which had been advertising fraudulent financial services by exploiting the Fininvest/Mediaset brands and the Berlusconi family. Earlier in November 2024, a similar intervention had occurred targeting websites that improperly referenced well-known political and institutional figures.
